Swarmer (SWMR) Director Justin Zeefe Sells 23,885 Shares

What Happened
Justin Zeefe, a director of Swarmer, Inc. (SWMR), reported a pro rata distribution of 223,599 shares on Sept 15, 2026 (treated as a disposition) and an open‑market sale of 23,885 shares on Sept 16, 2026. The sale was executed at a weighted average price of $24.123656 per share, generating roughly $576,195. The 223,599‑share item reflects a distribution (no cash value to the reporting person in the filing), not a traditional open‑market sale by the individual.

Key Details

• Transaction dates and types: Sept 15, 2026 — Other disposition (code J) of 223,599 shares @ $0.00; Sept 16, 2026 — Open market sale (S) of 23,885 shares @ weighted avg $24.123656.
• Sale proceeds: approximately $576,195.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1-F3 state the shares were held by Green Flag Fund I, L.P. (the Reporting Person is the managing member of the GP and may share voting/dispositive power); the 223,599 shares were distributed pro rata to limited partners; 23,885 shares were sold to raise cash to pay limited partners who elected cash in lieu of securities.
• Filing timeliness: Form 4 filed Sept 17, 2026 reporting Sept 15–16 transactions; appears to be filed within the normal reporting window.

Context
These transactions are tied to Green Flag Fund I, L.P.’s distribution to its limited partners and subsequent cash‑in‑lieu sales for electing partners. The distribution reduced the Reporting Person’s reported beneficial ownership as a pass‑through effect; the sale was executed by the fund to generate cash proceeds for limited partners. This is institutional/fund‑related activity rather than a straightforward personal investment decision by the director.